Examlex
Fears about the impact of technology on communication are unique to today's generation.
Total Variable Cost
The sum of all costs that vary with the output level in the production of goods or services.
Total Fixed Cost
The cumulative total of all costs that do not alter in response to the quantity of production or output.
Average Variable Cost
The cost of each unit variable, determined by dividing the overall variable costs by the produced output quantity.
Diseconomies of Scale
The phenomenon where production costs per unit increase as a firm's production increases.
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